Grab Holdings Limited (NASDAQ:GRAB) Shares Purchased by Optas LLC

Optas LLC boosted its position in Grab Holdings Limited (NASDAQ:GRAB) by 114.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,809 shares of the company’s stock after purchasing an additional 12,149 shares during the quarter. Optas LLC’s holdings in Grab were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GRAB. Meridian Wealth Partners LLC acquired a new position in Grab in the 4th quarter valued at about $36,000. Lane & Associates LLC acquired a new position in shares of Grab during the 1st quarter valued at about $39,000. Sivia Capital Partners LLC acquired a new position in shares of Grab during the 4th quarter valued at about $47,000. Cerity Partners LLC acquired a new position in shares of Grab during the 4th quarter valued at about $58,000. Finally, Leo Wealth LLC acquired a new position in shares of Grab during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 0.3 %

Shares of NASDAQ:GRAB opened at $3.55 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.22 and a current ratio of 3.26. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $3.92. The stock has a market capitalization of $13.93 billion, a P/E ratio of -50.71 and a beta of 0.82. The stock has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.35.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $662.48 million. Equities analysts forecast that Grab Holdings Limited will post -0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. HSBC reaffirmed a “buy” rating and set a $4.30 price objective on shares of Grab in a research note on Thursday, April 4th. Barclays upped their price objective on shares of Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, May 16th. Mizuho assumed coverage on shares of Grab in a research note on Thursday. They set an “outperform” rating and a $5.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 target price for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $5.06.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.